Where to Get Capital for Prerecorded Tape, Compact Disc, and Record Stores

Looking for SBA loans for prerecorded tape, compact disc, and record stores? Talk to a banker who works with the SBA. This $15,000 prerecorded tape, compact disc, and record stores loan was issued by a Delaware bank.

Getting a small business loan in Boothwyn, Pennsylvania was important for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Wilmington Brokerage Services, operating out of Wilmington, Delaware. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: RECORD AND PRERECORDED TAPE STORES
BOOTHWYN, PA 19061

SBA Loan Lender

WILMINGTON BROKERAGE SERVICES
1100 N MARKET ST, RODNEY SQ N
WILMINGTON, DE 19890

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5735 - Record and Prerecorded Tape Stores

NAICS Code

451220 - Prerecorded Tape, Compact Disc, and Record Stores

Loan Approval Date

9/27/2000

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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